30 July 2018, News Wires — Talks on the potential acquisition of a stake in Saudi Basic Industries Corp are…
Browsing: Sovereign Wealth Fund
The action by the members is coming on the heels of the face off between the House of Representatives and the Minister of Mines and Steel Development (MMSD), Dr. Kayode Fayemi, and his junior minister, Hon. Abubakar Bawa Bwari.
Adesina noted that on the back of a stable Naira and increased investment inflows, Nigeria’s stock market emerged one of the best-performing in the world, delivering returns in excess of 40 per cent.
18 November 2017, London — The Norwegian sovereign wealth fund’s proposal to ditch its oil and gas shares, though hugely…
*Resurgence of electric cars portends grim prospect *Development overtakes agitations over oil revenue Chuks Isiwu 11 August 2017, Sweetcrude, Lagos…
Adio contended that the country’s paltry savings may have defeated the rationale for having the savings int he first place, adding that, “Nigeria does not have oil savings to finance even a fifth of a year’s budget at the federal level, not to talk of having enough for investments or for the future generation.”
He added that, “Different oil revenue saving funds should be consolidated and the legal framework harmonised. Specifically, the 0.5% Stabilisation Funds and the Excess Crude Account should be merged with the Sovereign Wealth Fund, as this multiplicity of savings funds with different rules has led to uncoordinated and widespread extra-budgetary spending.”
18 July 2017, Sweetcrude, Abuja — The Nigeria Extractive Industries Transparency Initiative, NEITI, Tuesday, lamented that after 40 years of…
02 July 2017, Sweetcrude, Abuja – A report by the Natural Resource Governance Institute, NRGI, has accused the Nigerian government…
He said that the government had presented a draft for an Organic Budget Law to the National Assembly, which when passed, would ensure punctual drafting and approval of subsequent proposed budgets within a stipulated time.
